Provides an overview of Enterprise Risk Management (ERM) and its importance.
Overview of the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives.
Framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall.